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Deutsche Bank is selling the swanky but unprofitable Cosmopolitan of Las Vegas resort and casino on the Strip to Blackstone Real Estate Partners VII for $1.73 billion. The last major Las Vegas resort approved before the Great Recession, the $3.9-billion Cosmopolitan was built by Deutsche Bank after its original developer defaulted on a loan. The Cosmopolitan has branded itself as a "decidedly different" kind of casino, eschewing the kitschy themes common among its competitors and catering to a more urbane kind of gambler and clubgoer with the tag line "just the right amount of wrong." The German investment bank said Thursday that the cash deal remains subject to...

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Deutsche Bank is selling the swanky but unprofitable Cosmopolitan of Las Vegas resort and casino on the Strip to Blackstone Real Estate Partners VII for $1.73 billion.The last major Las Vegas resort approved before the Great Recession, the $3.9-billion...

Suddenly, the curtain of privacy dropped away, and there was billionaire Sheldon Adelson, one of the planet's most reclusive business magnates, taking a decidedly public stand on an issue he calls close to his heart: Internet gaming.
He calls it...

For a second time, Hollywood executive turned banking executive Brian Mulligan has failed to persuade a judge that he was unfairly attacked by the Los Angeles police union.
A federal judge this week threw out a lawsuit Mulligan brought against Eric Rose,...

For a second time, Hollywood executive turned banking executive Brian C. Mulligan has failed to persuade a judge that he was unfairly attacked by the Los Angeles police union.
A federal judge this week threw out a lawsuit Mulligan brought against Eric...

It is about the size of a dime and light as a feather.
But in the eyes of the broadcast television industry, an Aereo antenna might as well be a hundred feet tall and weigh a thousand pounds. The big networks claim it is illegal and could destroy...

Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac.
The government-sponsored mortgage finance giants had demanded compensation from the Charlotte,...

Despite the PR pitch by Time Warner Cable and Comcast explaining why their $45-billion merger is good for you, the consumer -- More innovation! Faster broadband! Better service! -- one of the real driving factors in the deal emerged in a regulatory filing...

New York's banking regulator, Benjamin Lawsky, has ticked off the financial sector and even his fellow regulators by being, well, zealous in his job. Now he's taking aim at one of the most cherished practices in the regulatory biz: disciplining...

Comcast Corp. has signed a licensing agreement with Sony Pictures Entertainment that will increase the number of titles offered for sale through Comcast's recently launched digital store.
The deal with Sony is noteworthy because it allows Comcast...

Although Time Inc. won't be part of Time Warner much longer, don't expect the media giant to change its name to better reflect its assets.
"We haven't decided to change the name," Time Warner Chief Executive Jeff Bewkes said during an interview...

Six years after the financial crisis, regulators said that 11 banks deemed too big to fail still have produced no workable procedures to help regulators shut them down should they ever reach the brink of failure.
The Federal Reserve and the Federal...

A man suspected of posing as an airport security screener and pulling aside female passengers for pat-down searches has been identified as a 53-year-old San Francisco executive.
Eric Slighton, 53, was arrested on suspicion of public drunkenness about...

Money managers and brokers are shunning Barclays' dark pool after allegations the bank lied to clients about whether they would be dealing with high-frequency traders, according to people with knowledge of the matter.Deutsche Bank, Royal Bank of Canada,...

TCP Capital Corp. is a specialty finance company that invests in mid-size businesses with strong positions in their fields.
"We provide creative and flexible financing solutions for companies that don't have easy access to the capital markets or...

Ryan Palmer took only 21 putts Friday at TPC Boston in Norton, Mass., and birdied half of his holes. That gave him an eight-under-par 63 and a two-shot lead over Keegan Bradley after the opening round of the Deutsche Bank Championship.
Palmer didn't miss...

WASHINGTON — First-time jobless claims surged last week to a two-month high after plunging to near a six-year low the previous week, highlighting the volatility of the data during the holiday season, the Labor Department said Thursday.
About 368,000...

There wasn't much to rave about on the first day of trading for electronic dance music promoter SFX Entertainment Inc.
Shares of SFX, founded by entertainment entrepreneur Robert F.X. Sillerman, fell $1.11, or 8.5%, to $11.89 on Wednesday, after its...

Here's an idea for raising government revenue whose time may have come. Instead of taxing the income of the wealthy, tax investment transactions that don't contribute much, if at all, to economic growth.
The idea is known as a financial transaction...

Tribune Co. has agreed to purchase 19 television stations owned by Local TV Holdings in a $2.73-billion deal that is expected to make Tribune the largest television station group in the country.
Tribune and Local TV Holdings said early Monday that they...